Direct foreign investments play a major role in the process of economic restructuring of the host country both directly through the introduction of new technologies or the modernization of the existing ones, the development of new activities, the encouragement of the local suppliers for their...

Since the Indian government had traditionally viewed power as a key infrastructure sector, it was the first to be opened to foreign direct investment in 1991. Foreign power companies were allowed 100 per cent ownership, automatic investment approval and other incentives. In response, all of the...

This paper aims to identify the main determinants of FDI in Latin America during the period 1990–2010. Evidence points to positive influences on FDI inflows of trade openness, maintaining low short-term debt levels and presenting a balance of payment deficit, government stability and low...

Firms, although have the same economic purpose in any geographic or economic space would represent a very different world. Even in the context of integrating each company has its identity is its numerous features, which show in this respect their diversit

In the European and global framework, small and medium-sized enterprises (SMEs) in order to survive the intense competition must expand, meaning that internationalisation has to be an inevitable stage in their strategic evolution at a certain moment in ti

In this paper, the differences between two variations of proportional representation (PR), open-list PR and closed-list PR, are analyzed in terms of their ability to accurately reflect voter preference. The single nontransferable vote (SNTV) is also included in the comparison as a benchmark. We...

Given limited research on monetary policy rules in emerging markets, this paper challenges the applicability of a nonlinear Taylor rule in characterizing the monetary policy behavior of the Brazilian Central Bank. It also investigates whether and how the process of setting interest rates has...

This paper investigates the effects of Regional Trade Agreements (RTAs) also known as bilateral or multilateral trade agreements on the U.S. current account balance. In contrast to the common belief that RTAs provide export opportunities for U.S. companies, hence improve the U.S. trade balances...

This article presents an overview of the European Exchange Rate Mechanism and of the effects of this mechanism on the new Member States from the point of view of the stability of the exchange rate, of the convergence with the macroeconomic policy and of the inflation stabilization. There will be...

American Dollar (USD) and Indian Rupee (INR) play an important role in Mauritian economy. It is important to model the pattern of dependence in their co-movement with respect to Mauritian Rupee (MUR), as this may indicate the export-import behavior in Mauritius. However, it is known that...